Business Glossary

Payment Due Days

Number of days until the payment is due.

Payment GL Date

The date the payment transaction was posted to the General Ledger

Payment Number

Checks may be paid over multiple payments. This payment number will usually be 1.

Payments Involving Services

This category is defined as payments made with respect to teaching, research and/or other activities performed for the benefit of the University, including activities for the University that may be associated with the student’s course of study and educational experience. These payments are considered to be taxable to the recipients, and the University is required to withhold federal and state taxes and report such payments to the IRS. (In the case of international students, different withholding and reporting rules apply.) Individuals who engage in such teaching, research and/or similar activities shall not be paid for these efforts through a tuition credit on their student account or by being awarded a stipend, although their total support package may include a tuition award and/or a stipend.

Payment Status

Payment status of invoice

Payment Status Flag

Designates when the payment for the record is fully processed and applied.

Payment Tax Year

The tax year that the payment was made.

Payment Type

Method of payment receipt

Payment Type

Describes the form of payment used to make the gift. Examples include cash, check, credit card, EFT, gift-in-kind, and securities.

Payment Type

Payment Type

Payment Type

Pay No

Identifies the pay number of this transaction

Payout Threshold

Represents the minimum value or condition that an endowment fund must meet before it is eligible to make a payout or distribution. This threshold ensures that the fund maintains financial sustainability and complies with institutional or donor-imposed restrictions.

Pay Period

Uses as an explicit form of description of a Pay Period of an employee that contains the start date until the end date of an accounting period. Example: FROM 05/01/2023 to 05/31/2023

Payroll Accrual Description

Description is created by concatenating the following values: [PERIOD_NAME] + " Payroll and Fringe Benefit Accrual (Basis = " + [BW] + ", " + [Workdays Accrued] + " Days Accrued)"

Payroll Deduction Month

The Month for the Payroll Deduction.

Payroll Deduction Year

The Year for the Payroll Deduction.

Payroll Distribution Year

The calendar year of the payroll transaction.

Payroll ID

Pay identification number to which this Employee_Position belongs

Payroll Identification Code

Payroll Identification Code that identifies a payroll group

Payroll Labor Type

Payroll Labor Type is the type of payroll transaction for the record, such as orginial, retro, void

Payroll Type

Payroll Type is the description of thePayroll Type Code which is a code used by Banner to reference different payroll schedules. Payroll types include but aren't limited to Bi-Weekly (BW), Monthly (MO), Faculty Summer (FS), and International (IP).

Payroll Type Code

This Payroll Type Code is a code used by Banner to reference different payroll schedules. Payroll types include but aren't limited to Bi-Weekly (BW), Monthly (MO), Faculty Summer (FS), and International (IP).

Pays

The number of times an employee is paid on a given job in a payroll calendar year.

Pay Seq No

Identifies the payroll sequence number within the pay number for this transaction